electrum hacked reddit, el electrum

2021-12-04

Bitcoin wallet Electrum official Twitter announced that the next version of Electrum will support Lightning online payments. Its lightning node implementation has been consolidated into the main branch of Electrum. Electrum also confirmed that the wallet will adopt a new implementation of in-house development written using Python.

Electrum personal server

Electrum personal server

A new repo qtum-electrum-new was built to add qtum-related features to the latest code for Bitcoin electrum.

Electrum client. A veteran security research expert told Hard Fork that if a user installs the problem version of Electrum.

On September 9th Electrum, a Bitcoin wallet service, was hacked, resulting in the loss of user funds. In response to the attack, Beosin Chengdu Chain Security analyzed: This wallet Electrum was attacked, mainly because the kivy framework used was using a standard py compiler and the wallet was not protected against secondary packaging, and the core files could be recompiled directly back into the py file. Attackers can imitate the code, directly join the code to steal the user's password, key after the secondary packaging, and then cooperate with other attacks, tempt users to install the wallet implanted with malicious code, thereby stealing the user's password, key and other sensitive information.

Reddit user u/normal_rc: 'The attacker set up a lot of malicious servers. Once a user's Electrum wallet is connected to these servers, they see what appears to be an official message when sending bitcoin transactions, telling them to upgrade the Electrum wallet, which actually contains a fraudulent URL.

and Android system. Installing Electrum requires you to write down a 12-word seed to help you recover your wallet on multiple devices. If you forget your private key, this seed can also make Electrum look more human. In addition, Electrum has a "cold storage" mode where you don't have to pay Bitcoin to view your balance.

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Users of Bitcoin wallet Electrum are facing phishing attacks, according to Johnwick.io. Hackers broadcast messages to the Electrum client through a malicious server, prompting the user to update to v4.0.0, and if the user follows the prompt to install this "backdoor-carrying client", the private key is stolen and all digital assets are stolen. At the time of writing, at least 1,450 BTCs worth about $11.6 million had been stolen from phishing attacks that faked Electrum upgrade tips. DeViable Security Labs hereby suggests that versions of Electrum below 3.3.4 are vulnerable to such phishing attacks, and users using Electrum Wallet are requested to update to the latest version of Electrum 3.3.8 via the official website (electrum.org), which has not yet been officially released, and do not use the link in the prompt to avoid asset losses.

In August-September, Bitcoin wallet Electrum was twice hacked, and according to multiple statistics, at least 1450 BTCs were stolen, worth $11.6 million. In November, 343,000 ETHs worth about $50 million were stolen in a hacked attack on Upbit, a well-known South Korean exchange.

Electrum client. A veteran security research expert told Hard Fork that if a user installs the problem version of Electrum.

There are several Litecoin wallets to choose from! Such a good wallet - Electrum Litecoin wallet! View exclusive reviews on Electrum.

and Android system. Installing Electrum requires you to write down a 12-word seed to help you recover your wallet on multiple devices. If you forget your private key, this seed can also make Electrum look more human. In addition, Electrum has a "cold storage" mode where you don't have to pay Bitcoin to view your balance.

Youssef El

Youssef El

Earlier this month, Electrum detected a DoS attack on its network, allegedly launched by a malicious botnet with more than 140,000 machines, designed to provide Electrum to users.

According to a Reddit post on March 26, youTube, the video-sharing platform, allegedly miscast a malicious ad for Bitcoin (BTC) wallet Electrum.

Dash Electrum 3.2.3.1 was released, renamed Dash-Electrum, adding the option to use Tor Proxy at startup, according to Dash Coin. DASH is now trading at $159, down 3.26 percent.

According to information posted on social media on December 27th, Electrum's wallet was hacked and nearly 250 bitcoins ($937,000) were maliciously stolen, coinelegraph reported. Electrum later confirmed that the attack included creating a fake version of the wallet and tricking users into providing password information. Reddit user u/ normal_rc that hackers set up a large number of malicious servers. Electrum responded on Twitter today that "this is a persistent phishing attack against Electrum users" and implored users to check the effectiveness of the resources they log on to.

As mentioned earlier, because electrum light wallets are different from Bitcoin light wallets such as MultiBit or Breadwallet, they cannot communicate directly with bitcoin full nodes and can only communicate with electrum.